Infosys Top Executive Resigns

[sherlockholmes_anon]

[color=#000000][font=Arial, Helvetica,]
[img]http://www.livemint.com/rf/Image-621x414/LiveMint/Period1/2013/08/29/Photos/ashok_vemuri1--621x414.jpg[/img][/font][/color]
[color=#000000][font=Arial, Helvetica,]Ashok Vemuri’s resignation comes amid a string of high-profile exits at Infosys, including that of Basab Pradhan, former head of sales. Last week, its US head of financial services, Sudhir Chaturvedi, also resigned. Photo: Hemant Mishra/Mint[/font][/color]
[color=#000000][font=Arial, Helvetica,]
[b]Bangalore:[/b] [size=3][b][background=transparent][url="http://www.livemint.com/Search/Link/Keyword/Ashok%20Vemuri"]Ashok Vemuri[/url][/background][/b][/size], head of Americas and manufacturing at[size=3][b][background=transparent][url="http://www.livemint.com/Search/Link/Keyword/Infosys%20Ltd"]Infosys Ltd[/url][/background][/b][/size], has resigned at a time when the Bangalore-based firm is going through the biggest organizational restructuring in its history under co-founder and executive chairman [size=3][b][background=transparent][url="http://www.livemint.com/Search/Link/Keyword/N.R.%20Narayana%20Murthy"]N.R. Narayana Murthy[/url][/background][/b][/size]. Vemuri was widely considered to be a contender for the top job at the company when current chief executive S.D. Shibulal’s term ends in 2015.[/font][/color][color=#000000][font=Arial, Helvetica,]
India’s second largest software exporter has named [size=3][b][background=transparent][url="http://www.livemint.com/Search/Link/Keyword/Sanjay%20Jalona"]Sanjay Jalona[/url][/background][/b][/size], current regional head of manufacturing, as Vemuri’s replacement.[/font][/color][color=#000000][font=Arial, Helvetica,]
“Ashok Vemuri, member of the board, has decided to leave Infosys. Ashok has been an integral part of the Infosys journey over the last 15 years. He has played a significant role in building the company’s market leadership in the financial services and manufacturing verticals and in North America. The transition plan is in place,” the company said in a statement.[/font][/color][color=#000000][font=Arial, Helvetica,]
Vemuri’s resignation comes amid a string of high-profile exits at Infosys, including that of [size=3][b][background=transparent][url="http://www.livemint.com/Search/Link/Keyword/Basab%20Pradhan"]Basab Pradhan[/url][/background][/b][/size], former head of sales. Last week, its US head of financial services, [size=3][b][background=transparent][url="http://www.livemint.com/Search/Link/Keyword/Sudhir%20Chaturvedi"]Sudhir Chaturvedi[/url][/background][/b][/size], also resigned.[/font][/color][color=#000000][font=Arial, Helvetica,]
As head of Americas and manufacturing, Vemuri was overseeing more than $2 billion of annual business for Infosys.[/font][/color]

[sherlockholmes_anon]

Third high profile resignation within a week.

Infy going through a bad phase, maybe part of corporate restructuring.